Growth Slowdown Seen for Third Year in U.S. Dodging a Recession

Growth Slowdown Seen for Third Year in U.S. Dodging a Recession

Daniel Acker/Bloomberg

The drop in loan rates is aiding housing, the trigger for the worst recession since the Great Depression. Confidence among U.S. homebuilders jumped to a five-year high in May, the National Association of Home Builders/Wells Fargo index showed.